The U.S. dollar edged higher on Wednesday as traders looked ahead to the release of the Federal Reserve’s July meeting minutes, followed by the annual Jackson Hole symposium, both expected to provide fresh signals on the central bank’s monetary policy outlook. At 04:55 ET (08:55 GMT), the Dollar Index, which tracks the greenback against six […]
Dollar Falls Modestly Ahead of Jackson Hole, Euro Gains Momentum
The U.S. dollar edged lower Tuesday, giving back early gains as caution prevailed following the White House summit on Ukraine. At 04:40 ET (08:40 GMT), the Dollar Index, which measures the greenback against six major peers, slipped 0.1% to 97.920 after modest overnight gains. Dollar Trades in Narrow Range U.S. President Donald Trump assured President […]
Dollar Rises Slightly Ahead of Washington Summit; Jackson Hole Seen as Key Event
The U.S. dollar inched higher Monday as markets turned their focus to diplomatic efforts aimed at ending the war in Ukraine and the closely followed Federal Reserve’s Jackson Hole symposium. At 03:00 ET (08:00 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, was up 0.2% at 97.890, recovering […]
Daily Technical Analysis: EUR/USD Rises to 1.1700 on Weak US CPI and Growing Fed Rate Cut Speculation
The EUR/USD advanced during Tuesday’s session, supported by mixed US inflation data and comments from President Donald Trump targeting Federal Reserve Chair Jerome Powell. At the time of writing, the pair trades 0.50% higher at 1.1673. Market sentiment remained constructive, with US equities gaining after the latest Consumer Price Index (CPI) release. Headline inflation was […]
Dollar falls modestly prior to key US inflation data; pound sterling rallies
The U.S. dollar slipped slightly on Tuesday, with investors awaiting the latest U.S. consumer inflation figures that could influence expectations for upcoming Federal Reserve interest rate cuts.At 04:15 ET (08:15 GMT), the Dollar Index — which measures the greenback against a basket of six major currencies — was down 0.1% at 98.317, after climbing 0.5% […]
Dollar remains stable before CPI release; euro pending negotiations in Ukraine
The U.S. dollar traded mostly steady on Monday, as investors adopted a cautious stance ahead of several key events this week — notably the July U.S. CPI release, the meeting between U.S. President Donald Trump and Russian President Vladimir Putin, and the approaching deadline for a U.S.–China tariff agreement. At 04:05 ET (08:05 GMT), the […]
Daily Technical Analysis EUR/USD: maintaining profits in the region of 1.1650 despite the cautious tone regarding the ECB’s outlook
EUR/USD edged higher on Monday, recovering from last session’s losses to trade around 1.1650. The move was supported by renewed strength in the Euro, fueled by expectations that the European Central Bank (ECB) could pause its easing cycle in September. Market sentiment toward the Euro also improved amid hopes that the Ukraine-Russia conflict could be […]
Daily Technical Analysis EUR/USD: Surge Slows at Multi-Year Highs — Tax Reform and Yields Bring Gains to a Stop
The EUR/USD pair remained flat during Wednesday’s session, hovering around 1.1780 after briefly touching a multi-year high of 1.1830. The euro’s advance lost steam following the U.S. Senate’s approval of President Trump’s $3.3 trillion “One Big Beautiful Bill,” which includes the entirety of his legislative agenda. The bill, passed by a 51–50 margin with Vice […]
Dollar Drops to Multi-Year Lows, Rate Cuts, Trade Agreements, and Tax Reform in the Public Eye
The U.S. dollar extended its decline on Tuesday, falling to multi-year lows amid growing expectations of Federal Reserve rate cuts and rising fiscal concerns sparked by President Donald Trump’s spending bill. By 04:25 ET (08:25 GMT), the U.S. Dollar Index—measuring the greenback against a basket of six major currencies—was down 0.2% at 96.275, marking its […]
Dollar Battles to Regain Balance, Powell Prepares to Intervene Further
The U.S. dollar edged higher on Wednesday, though it remained near multi-week lows as easing tensions between Israel and Iran prompted investors to move away from safe-haven assets. As of 04:20 ET (08:20 GMT), the U.S. Dollar Index —which tracks the greenback against a basket of six major currencies—was up 0.2% at 97.665. Focus Shifts […]